Boeing (NYSE: BA) shares are up premarket after United Airlines (NASDAQ: UAL) announced it has ordered 100 Boeing 787 Dreamliners with the option to buy 100 more, the “largest widebody order by a US carrier in commercial aviation history.”
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United Airlines said it expects to take delivery of the planes between 2024 and 2032 and has the choice of the 787-8, 9, or 10 models.
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The carrier also exercised options to acquire 44 Boeing 737 MAX aircraft for delivery between 2024 and 2026 and ordered a further 56 MAX aircraft to be delivered between 2027 and 2028.
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Around 100 of the new widebody planes are set to replace older Boeing 767 and Boeing 777 planes, with United removing all 767 aircraft by 2030.
United Airlines now expects to receive approximately 700 new narrow and widebody aircraft by the end of 2032. That’s an average of over two every week in 2023 and more than three each week in 2024.
“United emerged from the pandemic as the world’s leading global airline and the flag carrier of the United States,” said United CEO Scott Kirby. “This order further solidifies our lead and creates new opportunities for our customers, employees and shareholders by accelerating our plan to connect more people to more places around the globe and deliver the best experience in the sky.”
Boeing shares are up almost 3% premarket after a 3.75% rise in Monday’s session. Meanwhile, UAL is up 1.3% premarket after a 2.8% gain Monday.
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